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Balotelli, 26, is not in Jurgen Klopp's plans at Anfield and has been linked with an exit before the transfer window closes next week.
West Ham have agreed a fee of £5.5 million with the Swiss side for Fernandes.
Newcastle defender Kevin Mbabu is to return to his native Switzerland to spend the season on loan at Young Boys.
Konate, 23, has been a target for a number of Premier League clubs over the last few years after impressing for club and country.
The Foals will play the first leg away at the Stade de Suisse on Aug. 16-17. The second leg will take place at the Borussia Park on Aug. 23-24.
Socceroos striker Tomi Juric has had a dream starting debut for Swiss club FC Luzern, scoring a brace.